3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM, 87106
Introducing an excellent property brought to you by Myers & Myers Real Estate, located at 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, New Mexico, 87106. This remarkable Residential Income real estate for sale is priced at $2,445,000, MLS# 1013743. For additional information about this or other Albuquerque, NM real estate for sale, please contact us at 505-401-7500.
8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,445,000 and with an average rent of $723, the measures of investment performance include $87,123 per unit, $114.15 per square foot, a before reserves cap rates of 6.10%, and an after tax IRR of 13.60%.If rents are moved to market of $1,050, measure of investment performance improve to a cap rate of 10.02%.